AMD position update. Boxes holding up
Hi everyone!
Today I am posting an update of my
AMD stock analysis and position.
I first provided my analysis on the stock mid August together with my boxes strategy tutorial. It is linked below.
Now let us see how it holds up.
Demand level of the higher box at 104 has proven to be a decend support.
We broke out of the box to the downside during a market-wide correction on Sep 20.
AND not surprisingly the price bounced off of 99 level, which is a bigger box supply zone turned into a support.
My outlook has not changed.
Still considerAMD a great long-term investment.
I have added to my long position at 100.
Trade wisely and good luck!
-----------------------------------------------------------------------------------------------------------------
Disclaimer!!!
This is not financial advise.
Today I am posting an update of my
AMD stock analysis and position.I first provided my analysis on the stock mid August together with my boxes strategy tutorial. It is linked below.
Now let us see how it holds up.
Demand level of the higher box at 104 has proven to be a decend support.
We broke out of the box to the downside during a market-wide correction on Sep 20.
AND not surprisingly the price bounced off of 99 level, which is a bigger box supply zone turned into a support.
My outlook has not changed.
Still consider
AMD a great long-term investment.I have added to my long position at 100.
Trade wisely and good luck!
-----------------------------------------------------------------------------------------------------------------
Disclaimer!!!
This is not financial advise.
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